Friday, July 08, 2016 1:54:18 PM
and no more pullbacks at all?
well, or maybe there will be a peak at 20 dollars and it will drop back to 14.84,and then rally to 30....who knows .
But just in case there is still some technical road map playing out here,and the Manipulators are still working the technical game....I think this is the basic mathematic picture now....
First, I find it very curious that the Money manipulators stopped the rally precisely at 8 dollars. That alone tells me they are still playing some game. a perfect double from 4 dollars to 8 dollars. That makes for easy math in a Fibonacci retrace back to test the 6 dollar area. I have no idea if it will play out along the technical tracks here, but just in case it does, heres the basic math now....
coming from the 8 dollar top, and the first pullback happening now, if we see a station made around 7.50, easy math plots a first grand wave pullback to retest the 6.75 area. 6.75-7.00
Again ,I have no idea if any such thing will happen,I'm just looking at the technical road map crafted by the mathematics. Its been reliable much of the time, when they run it along those tracks. Right now, is something different. more of a flight path for the rocket ship, rather than the train tracks for the little engine that could.
For the TA folks doing this, the calculations I'm using are the Fibonacci retrace , counting elliott wave structure,and the curious math calculation of 162 % of the first wave measured distance. In the current top at 8 dollars to the first drop down, as a subwave 1,to measure, it gives a target (162%) around 7.50,and from there the easy math targets the 6.75 area for this current movement. There are shoulder zones there for support,so it fits the picture pretty well.
I sold a few trading shares today at 7.75 (15 minutes too soon for the 8 dollar top. )not a perfect bulls eye but I saw the picture ok.
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